Skip to content

National Business

August US home building slides 5.1% after months of gains

August US home building slides 5.1% after months of gains

WASHINGTON — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced shutdown in March and April.

Google receives $25M tax break from Nevada to build facility

RENO, Nev. — Google will receive more than $25 million in tax breaks after pledging an additional $600 million for a new data centre in southern Nevada, state officials said.
Bank of England eyes sub-zero rates in face of virus, Brexit

Bank of England eyes sub-zero rates in face of virus, Brexit

LONDON — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit.
Chinese viewers pan Disney's new 'Mulan' as inauthentic

Chinese viewers pan Disney's new 'Mulan' as inauthentic

SEOUL, Korea, Republic Of — The remake of “Mulan” struck all the right chords to be a hit in the key Chinese market.
Electric vehicle sales slump as supply challenges leave dealerships with shortages

Electric vehicle sales slump as supply challenges leave dealerships with shortages

TORONTO — The COVID-19 pandemic has pummelled Canada's automobile industry but it's the lack of supply that's helping to short-circuit electric vehicle adoption across the country.
EPL to air in China again through Tencent deal

EPL to air in China again through Tencent deal

LONDON — The English Premier League has found a new broadcast partner in China, with digital media platform Tencent Sports showing games for the rest of the season.
New companies face tough task overcoming pandemic, recession

New companies face tough task overcoming pandemic, recession

NEW YORK — Julie Campbell had to rethink her new wallpaper business before she could sell her first sheet.
Trump disputes health officials, sees mass vaccinations soon

Trump disputes health officials, sees mass vaccinations soon

WASHINGTON — Openly contradicting the government's top health experts, President Donald Trump predicted on Wednesday that a safe and effective vaccine against the coronavirus could be ready as early as next month and in mass distribution soon after,
Fed sees rates near zero through 2023, perhaps longer

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signalled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and probably even l
Cogeco directors spurn Rogers, Altice again in an exchange of accusatory letters

Cogeco directors spurn Rogers, Altice again in an exchange of accusatory letters

TORONTO — Cogeco Communications Inc. and its parent company are accusing Rogers Communications Inc. and its American partner of using "bad faith tactics" in their attempt to buy the company without support from its controlling shareholder.